In order to increase visibility in supply chains, the industry is coming together to both create efficiencies and pinpoint processes associated with negative environmental and social impacts. Retailers sell tens of thousands of different products and at least 140 different types of hotspots exist in the production of those products. There is an imperative for retailers to holistically assess their products’ supply chains and be able to prioritize action on the most relevant issues for their sustainability strategy.
Additionally, while retailers often source from overlapping suppliers, not all retail operations are created equal. Some retailers have positioned themselves to build robust sustainability teams and others see it more fitting to integrate sustainability into existing departments. These differences require an assessment system that can be tailored to fit any retailer’s business needs while maintaining consistency in how suppliers report their sustainability performance.
TSC has created a science-based, multi-stakeholder informed solution to address the sustainability complexities of consumer goods. Currently, more than a dozen retailers across the globe are using or referencing TSC research and tools. The impact? Retailers selling more than $200 billion worth of consumer goods sales have visibility into hotpots in their supply chains and the ability to drive improvements on those hotspots. When you look “under the hood”, these retailers are taking different approaches to their utilization of TSC content. Yet suppliers are able to now measure and report their sustainability performance through the same lens across these retail customers.